$LDO
The snapshot vote for the mainnet launch of the Lido Community Staking Module (CSM) has passed successfully, which is an important milestone. The CSM contract has been deployed on Ethereum and will start on-chain voting next week after completing the final security check. If the on-chain voting also passes smoothly, the Community Staking Module (CSM) will be officially launched soon.
The launch of CSM aims to enhance the decentralization of the Lido protocol and attract more community stakers to participate in becoming node operators by lowering the threshold. The main features of the CSM module include:
• A permissionless entry mechanism that allows any node operator to run a validator node.
• Enhanced security of the protocol by providing ETH as a security collateral.
• Introduced a reward smoothing mechanism so that node operators can receive more stable and consistent rewards.
• Set a reasonable low margin requirement to attract more potential operators.
• Accept ETH, stETH, wstETH as collateral, and receive rewards through stETH
• Provides a user-friendly interface and reduces gas fees for on-chain operations.
The launch of CSM will provide more opportunities for community stakers to participate, and will help improve the decentralization of the entire Ethereum network by increasing the number of independent node operators. Lido encourages community stakeholders to check the "early adoption" qualification before the mainnet launch, and eligible operators can access the CSM mainnet in advance.
